Tribe One: the NFT Game Change?
--
What is an NFT?
Representing “non-fungible token,” the NFT acronym continues becoming a household word.
NFT’s are a unique class of tokens, unlike product and service right granting through service and utility tokens.
Comprising art, GIFs, memes, videos, and other media, the NFT itself backs NFTs.
We can think of an NFT as a unique digital code connected and stored on the blockchain.
In fact, an NFT is a unique certificate of authenticity, but whereas Bitcoin and others are tradeable, an NFT is one of a kind.
By now, we’ve seen multiple NFTs sell for sums into the millions.
Isn’t this just madness?
Maybe it’s not, as many are betting big on NFTs.
IF everything is going onto the blockchain and IF we are amid a major civilization shift with inflation and currency devaluation, then NFTs could deliver a store of value.
Sounds crazy, right?
Perhaps not at all, and perhaps collectibles whether in digital or physical form will be hedges against inflation and currency devaluation.
TribeOne NFT
Experiencing a spike in the number of NFT crypto start-ups, we need to be filtering for the “me-too” NFTs.
Because in venturing into the NFT space, one must ask, “so what?”
What is unique about “this,” NFT?
Enter Tribe One, a new crypto NFT start-up.
Tribe One is focusing the bullseye on NFT innovation.
As an AI-powered NFT and DeFi funding platform, Tribe One could rise as an innovator for the NFT sector.
I’ve written several articles about the wealth accumulating power of borrowing against deflationary assets during inflationary periods.
And it’s no secret, one NFT issue is their overall lack of liquidity.
NFT lending is Tribe One’s unique value proposition.
Aimed at unlocking liquidity in an otherwise illiquid asset class, Tribe One could change the NFT game.
While it remains to be seen whether NFTs are an enduring crypto sector, clearly Tribe One has a role to play in this market cycle.
Final Conclusions
I want to know what you think about Tribe One?
Will this be a true NFT problem solver?
Do you think borrowing against NFTs is a good idea in enabling NFT liquidity?
Your Friend in Prosperity,
Mark Stein
Disclosure/Disclaimer: This article is not an offer to provide financial, legal, or tax advice. This article represents an opinion, as you should not rely upon this subjective opinion, instead of your own independent research. All investments pose the risk of loss to the investor, with any investment posing up to 100% loss of investment. Always consult your financial, legal, and tax advisor prior to engaging in any investment. Always do your own research and invest at your own risk with complete awareness and acceptance of all risks. I am choosing to disclose that I have a financial interest in all tokens discussed in my articles.
